Financial Performance Highlights

Consolidated Results (Rs in Lakhs)

Income Statement for Period Ended September 30, 2026:

  • Revenue from operations: ₹1,26,251.8
  • Other Income: ₹1,716.7
  • Total income: ₹1,27,968.5
  • Profit before tax: ₹10,742.9
  • Total tax expenses: ₹2,864.3
  • Profit for the period: ₹7,787.85
  • Profit attributable to owners of the Parent: ₹7,888.8

Half-Year Comparison (H1 FY26 vs H1 FY27):

  • Revenue from operations: ₹1,00,384.7 (H1 FY26) vs ₹1,26,251.8 (H1 FY27) - 25.7% increase

Segment-wise Performance

Mobility Division Consolidated Results (Rs in Lakhs):

Q2 FY27 Performance:

  • Revenue: ₹58,897.1 (1.3% increase from Q2 FY26 ₹58,125.5)
  • EBITDA: ₹8,475.3 (27.6% increase from Q2 FY26 ₹6,643.1)
  • EBITDA Margin: 14.4% (vs 11.4% in Q2 FY26)
  • Profit before interest & tax: ₹7,127.3 (24.7% increase from Q2 FY26 ₹5,714.0)
  • PBIT Margin: 12.1% (vs 9.8% in Q2 FY26)

H1 FY27 Performance:

  • Revenue: ₹108,359.7 (24.1% increase from H1 FY26 ₹87,349.6)
  • EBITDA: ₹13,819.2 (33.7% increase from H1 FY26 ₹10,337.2)
  • EBITDA Margin: 12.8% (vs 11.8% in H1 FY26)
  • Profit before interest & tax: ₹11,170.5 (31.9% increase from H1 FY26 ₹8,466.3)
  • PBIT Margin: 10.3% (vs 9.7% in H1 FY26)

Insulator Division Results (Rs in Lakhs):

Q2 FY27 Performance:

  • Revenue: ₹9,804.1 (30.1% increase from Q2 FY26 ₹7,536.9)
  • EBITDA: ₹2,513.5 (-5.4% decrease from Q2 FY26 ₹2,657.5)
  • EBITDA Margin: 25.6% (vs 35.3% in Q2 FY26)
  • Profit before interest & tax: ₹2,351.0 (-6.5% decrease from Q2 FY26 ₹2,514.5)
  • PBIT Margin: 24.0% (vs 33.4% in Q2 FY26)

H1 FY27 Performance:

  • Revenue: ₹17,892.1 (37.3% increase from H1 FY26 ₹13,035.1)
  • EBITDA: ₹4,459.7 (-2.2% decrease from H1 FY26 ₹4,560.7)
  • EBITDA Margin: 24.9% (vs 35.0% in H1 FY26)
  • Profit before interest & tax: ₹4,136.2 (-4.5% decrease from H1 FY26 ₹4,333.2)
  • PBIT Margin: 23.1% (vs 33.2% in H1 FY26)

Balance Sheet Position (as of September 30, 2026)

Assets (Rs in Lakhs):

  • Total Assets: ₹2,90,533.06
  • Non-current Assets: ₹85,554.96
  • Property, plant and equipment: ₹60,502.11
  • Capital work-in-progress: ₹5,647.57
  • Intangible assets: ₹893.91
  • Investments: ₹9,910.66
  • Current Assets: ₹2,04,978.10
  • Inventories: ₹27,199.55
  • Trade receivables: ₹1,25,051.72
  • Cash and cash equivalents: ₹730.59
  • Other bank balances: ₹15,928.13

Equity & Liabilities (Rs in Lakhs):

  • Total Equity: ₹1,30,687.51
  • Equity share capital: ₹3,283.23
  • Other Equity: ₹1,26,865.82
  • Non-current liabilities: ₹23,214.06
  • Borrowings: ₹16,171.99
  • Current liabilities: ₹1,36,631.49
  • Borrowings: ₹11,330.34
  • Trade payables: ₹84,754.91

Cash Flow Statement (H1 FY27 ended September 30, 2026)

Cash Flow from Operating Activities (Rs in Lakhs):

  • Net cash generated from operating activities: ₹19,031.15
  • Income taxes paid: ₹(1,350.28)

Cash Flow from Investing Activities (Rs in Lakhs):

  • Net cash used in investing activities: ₹(4,172.86)
  • Purchase of property, plant and equipment: ₹(4,418.43)

Cash Flow from Financing Activities (Rs in Lakhs):

  • Net cash used in financing activities: ₹(15,090.89)
  • Interest paid: ₹(4,563.84)

Business Highlights and Corporate Information

  • State-of-the-art integrated manufacturing unit with capacity of 5000 units/year
  • First company in India to homologate electric bus in 2017
  • Developed India's first electric tipper
  • More than 9 years of experience in manufacturing electric vehicles